Rising awareness and growing competition will hike the Intellectual Property job opportunities in the country creating 25,000 jobs in the coming 2-3 years. Experts say, with the increased awareness about patents and trademarks due to increasing competition among companies and growing cases of infringement of IP rights, the Intellectual Property space in the country is increasing, PTI reports.
"We expect that over 25,000 jobs for Intellectual Property professionals will be created in the next 2-3 years. As there is an increase in the need for IP professionals in law firms, knowledge and legal process outsourcing companies and other corporate houses," said, Atulya Nath, CEO, Global Institute of Intellectual Property.
The lack of awareness of IP as a career option will gradually decrease with the need of professionals in the industry increasing and it will be seen as a lucrative career option, experts define. At present, there is shortage of IP professionals in the country as compared to the world over.
"Enforcement of IP issues is an area which would generate so many jobs in the coming days, as we all are witnessing an increase in the number of cases related with the infringement of intellectual property rights," said Rodney D Ryder, IP Expert, Kochhar & Co.
Over the last decade, IP laws in the country have been in a transition, as the country follows with its obligations under Trade Related aspects of Intellectual Property (TRIPs). The IP industry includes patents, trademarks, design, geographical indications and copyrights.
"The role of IP professionals would further increase in the coming days as the issues related with patent, trademarks, design and copyrights are becoming more vital," Ryder added.
The industry is growing at an unseen pace; experts believe it will grow much faster.
"We estimate around 4,000 people are working in different areas of IP and should double in the next 2-3 years. IP, particularly trademarks and patents are considered vital in growth strategy of businesses and this can be seen from the increase in the number of patent and trademark filings in the recent years and the increase in litigation related to IP matters," said Bhaskar Bagchi, India Head, CPA Global.
In sectors like pharmaceutical and IT where there are large, diverse and complex trademark and patent portfolios, the need for IP professionals is greater, experts said.
Showing posts with label Job updates. Show all posts
Showing posts with label Job updates. Show all posts
9.7.09
World is recovering from Recession
The world is beginning to pull out of its first recession since World War II, the International Monetary Fund said Wednesday.
In an updated economic forecast, the IMF said the global economy was already stabilising, the financial crisis has eased and the recession will end in the second half of this year.
The report marked the first time the IMF has sounded a more positive note since the financial crisis struck in October, though the global lender also warned against complacency.
"While the global economy is still in recession, the recovery is coming," said IMF chief economist Olivier Blanchard. The world economy will shrink 1.4 percent this year but grow by 2.5 percent in 2010, the IMF said. That compares to an April forecast of a 1.3-percent contraction in 2009 and growth of 1.9 percent next year.
But the IMF warned the recovery would be "uneven" and growth would remain "sluggish" for much of the next 2 years, especially in wealthy countries where the economic crisis began.
Much of the growth over the next 2 years will come from the emerging world. Wealthy countries will shrink 3.8 percent this year and grow only 0.6 percent in 2010, the IMF said. Developing countries will grow 1.5 per cent in 2009 and 4.7 percent next year.
In an updated economic forecast, the IMF said the global economy was already stabilising, the financial crisis has eased and the recession will end in the second half of this year.
The report marked the first time the IMF has sounded a more positive note since the financial crisis struck in October, though the global lender also warned against complacency.
"While the global economy is still in recession, the recovery is coming," said IMF chief economist Olivier Blanchard. The world economy will shrink 1.4 percent this year but grow by 2.5 percent in 2010, the IMF said. That compares to an April forecast of a 1.3-percent contraction in 2009 and growth of 1.9 percent next year.
But the IMF warned the recovery would be "uneven" and growth would remain "sluggish" for much of the next 2 years, especially in wealthy countries where the economic crisis began.
Much of the growth over the next 2 years will come from the emerging world. Wealthy countries will shrink 3.8 percent this year and grow only 0.6 percent in 2010, the IMF said. Developing countries will grow 1.5 per cent in 2009 and 4.7 percent next year.
Six lakh jobs lost in India in 4 months
More than six lakh Indians have lost their jobs in the duration of just four months after the economic crisis has hit Indian shores in the month of Oct'08.
According to the Economic survey, about five lakh people lost their jobs in the October-December 2008 period, while over one lakh were shed in January this year, the Economic
Survey said. In September, the crisis turned severe following the bankruptcy of
American financial services major Lehman Brothers. Since then, millions of jobs have been shed worldwide, as companies resorted to massive layoffs as part of their cost cutting measures.
According to the survey conducted by the Ministry of Labour and Employment, during the three months from October to December 2008, there was a decline in employment of about half a million workers. Among the sectors, the most hit by the financial turmoil are gems and jewellery, transport and automobiles.
"The most affected sectors were gems and jewellery, transport and automobiles where employment has declined by 8.58 percent, 4.03 percent and 2.42 percent, respectively during the period (October to December 2008)," report said.
However, the survey conducted by the Labour Bureau for the January-March period showed improvement in the employment scenario in selected sectors. The Labour Bureau survey, which covered 3,192 units, indicated improvement in the selected sectors with employment rising by a "quarter million".
"Sectors registering increased employment were gems and jewellery (3.08 percent), textiles (0.96 percent), IT-BPO (0.82 percent), handloom-powerloom (0.56 percent) and automobile (0.10 percent)," the Survey said quoting the Labour Bureau.
In the Eleventh Five Year Plan (2007-12), about 58 million employment opportunities are projected to be created and the unemployment rate is anticipated to fall below five per cent.
According to the Economic survey, about five lakh people lost their jobs in the October-December 2008 period, while over one lakh were shed in January this year, the Economic
Survey said. In September, the crisis turned severe following the bankruptcy of
American financial services major Lehman Brothers. Since then, millions of jobs have been shed worldwide, as companies resorted to massive layoffs as part of their cost cutting measures.
According to the survey conducted by the Ministry of Labour and Employment, during the three months from October to December 2008, there was a decline in employment of about half a million workers. Among the sectors, the most hit by the financial turmoil are gems and jewellery, transport and automobiles.
"The most affected sectors were gems and jewellery, transport and automobiles where employment has declined by 8.58 percent, 4.03 percent and 2.42 percent, respectively during the period (October to December 2008)," report said.
However, the survey conducted by the Labour Bureau for the January-March period showed improvement in the employment scenario in selected sectors. The Labour Bureau survey, which covered 3,192 units, indicated improvement in the selected sectors with employment rising by a "quarter million".
"Sectors registering increased employment were gems and jewellery (3.08 percent), textiles (0.96 percent), IT-BPO (0.82 percent), handloom-powerloom (0.56 percent) and automobile (0.10 percent)," the Survey said quoting the Labour Bureau.
In the Eleventh Five Year Plan (2007-12), about 58 million employment opportunities are projected to be created and the unemployment rate is anticipated to fall below five per cent.
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